Pipe Coatings Market worth $8.5 billion by 2025

(IT-NEWSWIRE.COM, April 21, 2020 ) The report "Pipe Coatings Market by Type (Thermoplastic Polymer Coatings, Fusion Bonded Epoxy Coatings, Concrete Coatings, Bituminous Coatings), Surface (External Surface, Internal Surface), Form, End-use Industry and Region - Global Forecast to 2025", The global pipe coatings market is expected to grow from USD 6.9 billion in 2020 to USD 8.5 billion by 2025, at a CAGR of 4.5% during the forecast period. The major factor driving the market include the growing demand for pipe coatings from the oil & gas end-use industry.

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The thermoplastic polymer coatings type is the largest segment of the pipe coatings market.

Thermoplastic polymer is the largest type of pipe coatings used in different end-use industries. The market for thermoplastic polymer coatings is large because these polymers offer various advantages such as resistance to chemicals and physical stress, high flexibility, and easy applicability. Polyethylene (PE) coatings are the largest type of thermoplastic polymer coatings. Other types of thermoplastic polymer coatings are polypropylene (PP) and polyurethane (PU) coatings.

The external surface is the largest segment of the pipe coatings market.

Amongst the two surfaces available in the pipe coatings market, the external surface is the largest and the fastest-growing segment. This is because External coating protects the pipelines from corrosion caused by soil and other materials contained in backfill. External surface coating is the primary protection for the pipes against external corrosion. The external corrosion protection is a must for the lifetime and reduced operation cost of a pipeline. Therefore, external surface is the largest as well as the fastest-growing surface for the pipe coatings market.

The Powder coatings form is the largest segment of the pipe coatings market.

Amongst the two forms available in the pipe coatings market, the powder coatings are the largest and the fastest-growing segment. They are used on a large scale as they are environment-friendly and cure fast. Furthermore, the use of powder coatings is economical compared to liquid coating and ensures lesser wastage of the coating during application on the pipelines.

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Browse in-depth TOC on "Pipe Coatings Market“
138 - Market Data Tables
56 - Figures
187 - Pages

The oil & gas end-use industry is the largest end-use industry of the global pipe coatings market during the forecast period.

Oil & gas is the largest end-use industry of pipe coatings due to the high demand for oil & gas across the world. Pipe coatings are used for protecting pipelines from corrosion, and hence pipe coatings are used on a large scale in the oil & gas industry. Further, the market of oil & gas currently is witnessing growth in upstream, midstream and downstream activities, which is driving the market for pipe coatings.

North America is expected to hold the largest market share in the global pipe coatings market during the forecast period.

North America is expected to be the leading region in the pipe coatings market, in terms of value and volume, between 2020 and 2025. Countries in this region, such as the U.S., Canada and Mexico, are witnessing a significant increase in the use of pipe coatings by different end-use industries. The increased demand for pipelines in end-use industries such as oil & gas, water & wastewater treatment, chemical processing, and others is driving the for pipe coatings market. The U.S. is projected to be the fastest-growing market in this region until 2025. This growth is mainly due to increased demand for pipelines and rehabilitation activities in the country.

PPG Industries Inc. (US), Akzo Nobel N.V. (Netherlands), Shawcor Ltd. (Canada), Sherwin-Williams Company (US), and Axalta Coating Systems Ltd. (US), Arkema (France), Wasco Energy Group of Companies (Malaysia), 3M Company (US), Specialty Polymer Coatings Inc (Canada) and Seal For Life (Netherlands) are the leading pipe coatings manufacturers, globally.

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Pipe Coatings Market worth $8.5 billion by 2025